The top 10 youngest celebrities on Forbes' Most Powerful Celebrities list:

#17 Miley Cyrus

(Nov. 23, 1992)

The top 10 youngest celebrities on Forbes' Most Powerful Celebrities list:

#17 Miley Cyrus

(Nov. 23, 1992)

Photo: Dave J Hogan, Getty Images

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#33 Justin Bieber

(Mar. 1, 1994)

#33 Justin Bieber

(Mar. 1, 1994)

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#94 Kate Upton

(June 10, 1992)

#94 Kate Upton

(June 10, 1992)

Photo: Michael Loccisano

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#12 Jennifer Lawrence

(Aug. 15, 1990)

#12 Jennifer Lawrence

(Aug. 15, 1990)

Photo: Alastair Grant, AP

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#18 Taylor Swift

(Dec. 13, 1989)

#18 Taylor Swift

(Dec. 13, 1989)

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#47 Avicii

(Sept. 8, 1989)

#47 Avicii

(Sept. 8, 1989)

Photo: Kevin Winter, Getty Images

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#33 Kevin Durant

(Sept. 29, 1988)

#33 Kevin Durant

(Sept. 29, 1988)

Photo: Danny Moloshok, Associated Press

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#95 Veronica Roth

(Aug. 19, 1988)

#95 Veronica Roth

(Aug. 19, 1988)

Photo: Evan Agostini, AP

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#8 Rihanna

(Feb 20, 1988)

#8 Rihanna

(Feb 20, 1988)

Photo: Mike Coppola, Getty Images

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#43 Novak Djokovic

(May 22, 1987)

#43 Novak Djokovic

(May 22, 1987)

Photo: CARL COURT

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Forbes' Top 10 most powerful women celebrities

#1 Beyonce

Forbes' Top 10 most powerful women celebrities

#1 Beyonce

Photo: Jeff Daly, Associated Press

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#4 Oprah Winfrey

#4 Oprah Winfrey

Photo: Kevin Winter, Getty Images

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#5 Ellen DeGeneres

#5 Ellen DeGeneres

Photo: Allen Berezovsky, WireImage

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# 8 Rihanna

# 8 Rihanna

Photo: Paul A. Hebert

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#9 Katy Perry

#9 Katy Perry

Photo: Alberto E. Rodriguez, Getty Images For KCA

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#12 Jennifer Lawrence

#12 Jennifer Lawrence

Photo: Mike Coppola, Getty Images

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#17 Miley Cyrus

#17 Miley Cyrus

Photo: Larry Busacca, Getty Images

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#18 Taylor Swift

#18 Taylor Swift

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#19 Lady Gaga

#19 Lady Gaga

Photo: FilmMagic

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#33 Jennifer Lopez

#33 Jennifer Lopez

Photo: Jordan Strauss, Jordan Strauss/Invision/AP

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Forbes Top 10 oldest Most Powerful Celebrities

#29 Sir Paul McCartney

(June 18, 1942)

Forbes Top 10 oldest Most Powerful Celebrities

#29 Sir Paul McCartney

(June 18, 1942)

Photo: Evan Agostini

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#37 James Patterson

(Mar. 22, 1947)

#37 James Patterson

(Mar. 22, 1947)

Photo: Mark Sullivan, WireImage

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#11 Steven Spielberg

(Dec. 18, 1946)

#11 Steven Spielberg

(Dec. 18, 1946)

Photo: Joel Ryan

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#83 Stephen King

(Sept. 21, 1947)

#83 Stephen King

(Sept. 21, 1947)

Photo: Elise Amendola, STF

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#92 Meryl Streep

(June 22, 1949)

#92 Meryl Streep

(June 22, 1949)

Photo: Jeffrey Mayer, WireImage

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# 25 Bruce Springsteen

(Sept. 23, 1949)

# 25 Bruce Springsteen

(Sept. 23, 1949)

Photo: L. Busacca, WireImage

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#83 Dr. Phil McGraw

(Sept. 1, 1950)

#83 Dr. Phil McGraw

(Sept. 1, 1950)

Photo: Michael Tran, FilmMagic

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#59 Rush Limbaugh

(Jan. 12, 1951)

#59 Rush Limbaugh

(Jan. 12, 1951)

Photo: Michael Loccisano, FilmMagic

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#62 Howard Stern

(Jan. 12, 1954)

#62 Howard Stern

(Jan. 12, 1954)

Photo: Kevin Mazur

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#4 Oprah Winfrey

(Jan. 29, 1954)

#4 Oprah Winfrey

(Jan. 29, 1954)

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Beyonce beats out Oprah on Forbes Most Powerful list

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Forbes released their annual list of the most powerful celebrities and Houston-native Beyonce Knowles won the top spot.

This impressive climb up the rankings came at the expense of long-time list topper, Oprah. The talk show host actually fell to the number four spot behind LeBron James, the NBA player who recently opted out of his contract and Dr. Dre who made an impressive leap from number 63 on the list last year to number three this year.

To compile the list of powerful celebs, Forbes looks at estimated earnings over the previous 12 months, the number of times each celebrity is mentioned in the media and a "StarCount," which measures the celebrity's power on social media such as Twitter and Facebook. This year Forbes also took into consideration how much each celebrity influences the entertainment industry and culture in general.

Other powerful celebrities with Texas connections to make the list include life-long Texan Matthew McConaughey (#52), Dr. Phil McGraw (#83) who grew up in North Texas, Kevin Durant (#33) who played basketball for University of Texas, Sandra Bullock (#36) a former resident of Austin and Glenn Beck (#39) who based his business outside of Dallas.

Scroll through the gallery above to see the top 10 as well as the breakdown of youngest celebrities on the list, the most powerful women and more.